Key Takeaways
- • Veritas Capital has agreed to sell Epiq Design Solutions to TTM Technologies for $1.1 billion, marking a significant exit for the Latham & Watkins-advised private equity firm.
- • TTM Technologies, represented by legal counsel Polsinelli PC, is acquiring Epiq Design Solutions as part of its growth strategy in the design solutions sector.
- • The transaction values Epiq Design Solutions at $1.1 billion, reflecting strong market demand for specialized design and technology services.
- • This sale demonstrates continued M&A activity in the technology and design services space, with established PE firms monetizing portfolio assets through strategic acquisitions by larger platform operators.
Summary
Veritas Capital announced Monday the sale of its portfolio company Epiq Design Solutions to TTM Technologies for $1.1 billion. The transaction, advised by Latham & Watkins on behalf of Veritas Capital and by Polsinelli PC on behalf of TTM Technologies, represents a meaningful exit for the private equity investor and reflects ongoing consolidation within the design solutions industry.
Epiq Design Solutions, operating under Veritas Capital's ownership, provides specialized design and technology services to its customer base. The $1.1 billion valuation underscores market appetite for established players in the design solutions sector, particularly as larger technology services platforms seek to expand their service offerings and market reach through acquisitions.
TTM Technologies' acquisition of Epiq Design Solutions aligns with a broader trend of strategic buyers consolidating complementary capabilities to strengthen competitive positioning. The deal demonstrates that despite broader economic uncertainty, institutional buyers continue to deploy capital for accretive acquisitions that enhance platform capabilities and market presence.
The transaction closed with both parties represented by major legal advisors, reflecting the deal's scale and complexity. Veritas Capital's sale of Epiq Design Solutions exemplifies the PE playbook of building, optimizing, and ultimately exiting portfolio companies through secondary sales to strategic acquirers or larger platform operators seeking bolt-on acquisitions.
Epiq Design Solutions, operating under Veritas Capital's ownership, provides specialized design and technology services to its customer base. The $1.1 billion valuation underscores market appetite for established players in the design solutions sector, particularly as larger technology services platforms seek to expand their service offerings and market reach through acquisitions.
TTM Technologies' acquisition of Epiq Design Solutions aligns with a broader trend of strategic buyers consolidating complementary capabilities to strengthen competitive positioning. The deal demonstrates that despite broader economic uncertainty, institutional buyers continue to deploy capital for accretive acquisitions that enhance platform capabilities and market presence.
The transaction closed with both parties represented by major legal advisors, reflecting the deal's scale and complexity. Veritas Capital's sale of Epiq Design Solutions exemplifies the PE playbook of building, optimizing, and ultimately exiting portfolio companies through secondary sales to strategic acquirers or larger platform operators seeking bolt-on acquisitions.
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